₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,134,728 members, 4,632,612 topics. Date: Monday, 10 December 2018 at 11:19 PM

Tinubu, Ambode And I Are Cool Says Fashola - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tinubu, Ambode And I Are Cool Says Fashola (8917 Views)

Buhari Summons Tinubu, Ambode / Tinubu/Ambode Feud: Police Officers Jostle For Lagos Command / I Have No Problem With Tinubu - Ambode Speaks On Rift (2) (3) (4)

(1) (2) (Reply) (Go Down)

Tinubu, Ambode And I Are Cool Says Fashola by Nwaforj44: 6:31am On Dec 04
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, yesterday reviewed his relationship with former governor of Lagos State, Senator Bola Tinubu, and Governor Akinwunmi Ambode, saying they are cool and in good terms.

“Tinubu, Ambode and I are cool,” he told panelists on the ‘Morning Show’ programme of Arise TV, , yesterday.
There have been speculations that Tinubu and Ambode have not been in good terms with Fashola since he left office in 2015 to take up his present position.


But he dismissed the speculations even as he clarified some of his policy options in the power sector, stating, for instance, that the Nigerian Electricity Regulatory Commission (NERC) should ensure that the distribution companies (Discos) comprehensively provide meters to consumers in their networks before the regulatory agency implements a review of tariffs.
Fashola also said the federal government was no longer keen on providing sovereign guarantees for investors interested in building new power plants in the country.

He added that instead, the government would support interested investors with stable conditions for their investments.
The minister explained that he had offered an opinion to NERC and other stakeholders in the power market that reviewing tariffs for the Discos without ensuring that they adequately close up the metering gap in the industry would be unfair to consumers.
Fashola maintained that it was not his job to fix electricity rates, but that his views were based on ensuring that all parties in the industry, operators and consumers, were treated fairly by the market.

“It is not the job of the minister to determine the price of electricity. That is not my work; it is the job of the Nigerian Electricity Regulatory Commission (NERC). The only opinion I have expressed, I think, is that it will be fair to consumers to ensure first that they have meters before you review the rates upwards so that at least people can control what they consume,” said Fashola in the interview monitored in Abuja.

He explained further, “My views have been borne out by the evidence that when people have meters, in some cases, not in all cases, they pay less and they are able to control what they use.
“But the person who has the authority to determine whether electricity price will go up or down is not President Buhari; it is not Vice President Osinbajo; it is not any minister; it is the regulatory agency, the NERC, they fix the price of energy and they do so in consultations.”

Recently, the NERC mandated the Discos to undertake and complete comprehensive enumeration of customers within their networks by March 31, 2019, in preparation for the formal take-off of its Meter Assets Providers (MAP) scheme.
Fashola, however, noted that he had been vilified unfairly by the Discos for actions he had taken in line with the laws governing the sector.

The minister identified such actions he had taken, which were condemned by the Discos to include, the eligible consumers’ regulation and energising education and economy schemes of the Rural Electrification Agency (REA).
He, however, added that the actions were in line with existing laws.

“When I supported the upward review of tariff in 2016, the Discos didn’t complain. It was citizens who complained and so it doesn’t look like I can win here. I thought that a review at that time was appropriate. But when I ask the Discos to do their jobs, I become a bad guy,” Fashola added.
Speaking on the allegations that he eroded the independence of NERC and turned it into a puppet, Fashola stated that when he took charge of the sector, NERC was without a complete board and so could not take policy decisions, hence, his interference on policy direction.

He explained, “I took charge there but there was never a time I assumed the job of the NERC. If you look at the law, you will see that I have powers to give directives to NERC, I do and I have acted within the law.
“I am not under any pressure to deliver projects for campaign promises. We set out a clear plan from when I assumed office, we set our agenda and we have faithfully implemented that agenda. We set out to deliver incremental power, move on to steady power and hopefully get to an uninterrupted power.”

No More Sovereign Guarantees to Power Investors

Meanwhile, Fashola has also declared that the federal government was no longer keen on providing sovereign guarantees to investors interested in building new power plants in the country.
Government’s new position may not be unconnected with a not-too-palatable experience with the Azura Power project in Edo State.
Instead of providing sovereign guarantees, the government, Fashola said, would support interested investors with stable conditions for their investments.

With regards to claims that Nigeria may have defaulted in monthly payment of revenue due to the 459 megawatts (MW) Azura-Edo power plant and that its promoters were about to call up the sovereign guarantee due to them, Fashola stated that no payment default has been recorded so far.

He also noted that the government has learnt lessons from its negotiation of sovereign guarantees with Azura and was no longer keen on giving any of such guarantees to new investors in power systems in Nigeria.
Fashola said, “We are not in default. The payment cycle to Azura like all others goes with the payment cycle in the electricity industry, where we first collect what the Discos have made and remit and we provide the balance with the payment assurance guarantee.

“The Azura project was not initiated under this administration; it was started by the previous government but they couldn’t complete the paper work because the bureaucracy was not encouraging enough. We don’t have difficulties at this moment to the best of my knowledge.

“That is why you probably hear from companies now they want sovereign guarantee and we say no, wait a minute, it is not government that wants the power, it is the people. Why don’t you modify your business model and meet with the people because people who sell generators get their power sold without sovereign guarantee, and if all they are selling is power plants and you have molecules of energy, which is what people need, take it to the market and we will support you with policies.”

https://www.akelicious.net/2018/12/tinubu-ambode-and-i-are-cool-says.html

4 Likes 1 Share

Re: Tinubu, Ambode And I Are Cool Says Fashola by Mosesoly(m): 6:40am On Dec 04
Sanwo Eko for governor

8 Likes 2 Shares

Re: Tinubu, Ambode And I Are Cool Says Fashola by Pajapaja: 6:46am On Dec 04
Mosesoly:
Sanwo Eko for governor
Yes o

5 Likes 1 Share

Re: Tinubu, Ambode And I Are Cool Says Fashola by digScratcher: 6:55am On Dec 04
even tinubu doesn't wear cap all the time, buhari/Jubril should take off his cap.
Re: Tinubu, Ambode And I Are Cool Says Fashola by Mufasa27(m): 7:14am On Dec 04
Who cares
Re: Tinubu, Ambode And I Are Cool Says Fashola by CarGuideNG: 7:15am On Dec 04
The nature of politics is that there are no permanent friends or foes, but only permanent interests.

We plan to make the process easier for car buyers this season with customized VIN Checks and history reports this season to avoid dangerous vehicles.

Signature.
Re: Tinubu, Ambode And I Are Cool Says Fashola by tobtap: 7:15am On Dec 04
ambode na political novice... it is well

1 Like

Re: Tinubu, Ambode And I Are Cool Says Fashola by Kenekingisback: 7:15am On Dec 04
You mean Cool Cats grin
Re: Tinubu, Ambode And I Are Cool Says Fashola by AleAirHub(m): 7:16am On Dec 04
Re: Tinubu, Ambode And I Are Cool Says Fashola by FPSOspecialist: 7:17am On Dec 04
It's normal! After the DAWN comes the SUNSET.
Re: Tinubu, Ambode And I Are Cool Says Fashola by TheMoniker: 7:17am On Dec 04
You cool with the mad guy too? grin

Re: Tinubu, Ambode And I Are Cool Says Fashola by grtboy51(m): 7:18am On Dec 04
Wat should we do nw
Re: Tinubu, Ambode And I Are Cool Says Fashola by zoedew: 7:18am On Dec 04
Wise take!
Re: Tinubu, Ambode And I Are Cool Says Fashola by DrDauda(m): 7:19am On Dec 04
Afonjas and lies.... undecided undecided undecided
Re: Tinubu, Ambode And I Are Cool Says Fashola by Seetto: 7:20am On Dec 04
Politics of the Southwest best in Nigeria, others should emulate.

2 Likes 1 Share

Re: Tinubu, Ambode And I Are Cool Says Fashola by sekembaakesan(m): 7:21am On Dec 04
Dem PIGGIES AND IDIOTS BLODAS FROM THE YEAST HAVE SOMETHING CONTRARY TO SAY.








Awon ti ATIKULOOTgrin

5 Likes 1 Share

Re: Tinubu, Ambode And I Are Cool Says Fashola by zombieHUNTER: 7:23am On Dec 04
Thieves everywhere


There is honor amongst thieves joor

1 Like

Re: Tinubu, Ambode And I Are Cool Says Fashola by technuel: 7:23am On Dec 04
Ok
Meanwhile

Re: Tinubu, Ambode And I Are Cool Says Fashola by zombieHUNTER: 7:23am On Dec 04
sekembaakesan:
Dem PIGGIES AND IDIOTS BLODAS FROM THE YEAST HAVE SOMETHING CONTRARY TO SAY.

Awon ti ATIKULOOTgrin

2 Likes

Re: Tinubu, Ambode And I Are Cool Says Fashola by israelmao(m): 7:27am On Dec 04
Ambode will soon spring a surprise on Tinubu by working against his anointed governorship candidate,it is just a matter of time.
Re: Tinubu, Ambode And I Are Cool Says Fashola by aolawale025: 7:27am On Dec 04
Who cares? How does that affect the common man
Re: Tinubu, Ambode And I Are Cool Says Fashola by kumakunta: 7:29am On Dec 04
israelmao:
Ambode will soon spring a surprise on Tinubu by working against his anointed governorship candidate,it is just a matter of time.
Not in Lagos

2 Likes 1 Share

Re: Tinubu, Ambode And I Are Cool Says Fashola by TheGreenLand: 7:30am On Dec 04
As cool as ice...
Re: Tinubu, Ambode And I Are Cool Says Fashola by israelmao(m): 7:30am On Dec 04
kumakunta:
Not in Lagos
Ok
Re: Tinubu, Ambode And I Are Cool Says Fashola by ADRIAN88(m): 7:42am On Dec 04
I watched the entire interview, the most naturally refreshing, highly intellectual interview I have watched from a public office holder in recent years. I was literally spellbound for the entire 1hour plus duration. Fashola is amongst a very rare breed in this joke of a country, I also got to find out so much more about the workings of and stumbling blocks in the power sector,actual progress recorded, amongs others, there are good people in government, but the bad eggs want to cage them in their boxes.

The interviewers (Arise news) seemed somewhat professional, except a lady who kept displaying some sheer ignorance with her questions, uncle fash was quick to put her in check with each irrelevant question.
The highlight came when he was asked about his relationship with his supposed godfather and successor, he simply said and I quote (with the warmest smile ever on national tv); "We're cool!" everyone laughed.

In sum, I pray he is given a second chance to complete the good works he has done in those sectors he represents, even if it means PDP comes Into power. More importantly, I pray he becomes a president someday.

10 Likes 1 Share

Re: Tinubu, Ambode And I Are Cool Says Fashola by mozona(m): 7:48am On Dec 04
i hear
Re: Tinubu, Ambode And I Are Cool Says Fashola by MENELIIK: 7:52am On Dec 04
DrDauda:


Afonjas and lies.... undecided undecided undecided


Osus and crime!

1 Like 1 Share

Re: Tinubu, Ambode And I Are Cool Says Fashola by b0rn2fuck(m): 7:54am On Dec 04
tobtap:
ambode na political novice... it is well
ambode don't want to betray the party and he doesn't want to be architect of APC failure in Lagos state. He will always be in peace after the elections and maybe a political post now or future. He wouldn't want anyone calling for his head. Politics shouldn't be do or die

2 Likes 1 Share

(1) (2) (Reply)

GEJ Media Chat Vs Euro 2012: Which Will You Watch? / Jonathan Will Be At US Nigerian Lawyers Awards Dinner, To Give Address / Ogbemudia Endorses Obaseki Ahead Of Sept. 28 Edo Election

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2018 Oluwaseun Osewa. All rights reserved. See How To Advertise. 131
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.